Why is Data Analysis and Analytics One of the Most Demanded Jobs in Canada?

Data Analysis has emerged as a highly sought-after profession in Canada, attracting a considerable amount of attention from job seekers and professionals alike. The data industry has witnessed remarkable growth in recent years, with Big Data being the fastest-growing domain. And as organizations’ data collection grows in scope and complexity, the resulting impact of big data on Canadian businesses increases the inevitable need for data analysts to sort, analyze, and interpret vast amounts of growing information.

In fact, in this regard, data analysts play a vital role in enabling organizations to make informed business decisions. Every organization, whether technology-oriented or not, requires trained professionals to leverage data, making it an ideal time to pursue career opportunities in data analysis. So, whether you’re an experienced professional or just starting in the field, read on to discover the ins and outs of pursuing Data analysis jobs in Canada.

What Industries are Currently Experiencing the Highest Demand for Data Analysts and Analytics professionals in Canada?

There are diverse career paths available in the data analytics sector, providing ample opportunities in various industries and at corporate levels. Moreover, if we look at the trends in the Canadian labor market, we find that every company that uses data must employ data analysts to analyze it. The Internet age has simply led to a significant increase in the importance of data analysts. 

There is a high demand for data analysis jobs across various industries, including finance, marketing, and social media. Some of the top industries in Canada where there is a plentiful requirement for data analysts include the following: 

  1. Government sector
  2. Healthcare and pharmaceuticals
  3. Telecommunications industry
  4. Marketing- Advertising
  5. Internet industry
  6. Retail Industry
  7. Education
  8. Banking and Finance
  9. Entertainment and Media
  10. Automotive Industry
  11. Outsourcing industry

Furthermore, listed here are some of the roles that you may encounter when browsing for or contemplating data analysis:

  1. Business and Data Analyst 
  2. Audit Analyst
  3. Sales Analyst
  4. Market Analyst
  5. Clinical Data Analyst
  6. Digital Marketing Manager
  7. Operations Analyst
  8. Research and Data Analyst
  9. UX Designer
  10. Data Engineer
  11. Customer Experience Analyst
  12. Feasibility Analytics 
  13. Transport Logistics Specialist
  14. IT Data and Reporting Analyst 

What Specific Skills and Qualifications are Required for a Successful Career in Data analysis and Analytics in Canada?

Qualifications needed to excel in Data Analysis:

  • Bachelor’s degree in information technology, computer science, mathematics, or statistics is essential for a strong foundation.
  • Learning computer languages such as JavaScript, Python, XML, and SQL is crucial to analyze data effectively.
  • Pursuing an advanced degree such as a Master’s in data science, big data management, or data analytics can provide more job opportunities.
  • You can consider a certificate program (a cheaper and more accessible alternative to postgraduate studies), as they can demonstrate the necessary skills and provide a comprehensive overview of the subject in a short period.
  • Gaining relevant experience in data analysis is crucial, which can be achieved through internships, entry-level jobs, or in-house training programs that provide on-the-job training and networking opportunities. Additionally, working on data analysis projects with real-world data sources can help build a valuable portfolio.

Besides that, the following set of Data analysis skills in demand is extremely helpful in landing lucrative jobs: 

  • Adept mathematical skills for measuring, organizing, and analyzing data
  • Proficiency in Computer Programming Languages such as SQL, Oracle, R, MATLAB, and Python
  • Skilled in statistics and statistical packages such as Excel, SPSS, and SAS for data set analysis
  • Excellent communication skills (verbal and non-verbal)
  • Familiar with data visualization software like Tableau and Qlik
  • Capable of creating and applying accurate algorithms to datasets for problem-solving
  • Presentation skills
  • Writing skills
  • Problem-solving skills
  • Research Skills
  • Adept teamwork abilities
  • Attention to detail
  • Excellent Analytical abilities

You can make it to prestigious institutions to gain knowledge that lands you qualifications and skills for Data analytics jobs. 

And guess what, we can help here!

With over 34 years of experience in competitive exam coaching, ALLEN Career Institute is a pioneer in the field. Our faculty of experienced educators provide top-tier coaching for entrance exams, including JEE and NEET. 

At our ALLEN Global Studies Division, we take an active approach to guiding students in making informed decisions about their academic future. We will assist you every step of the way, whether it is career counselling, finding the right university, or even preparing the application documents. We aim to provide you with the knowledge, skills, and values needed for a successful international career, preparing you to become a world-class professional.

How has the Use of Artificial Intelligence and Machine Learning Impacted the Demand for Data Analysts and Analytics Professionals in Canada’s Labour Market?

The use of Artificial Intelligence (AI) and Machine Learning (ML) has had a significant impact on the demand for Data Analysts and Analytics Professionals. These advanced technologies have generated massive amounts of data, requiring skilled professionals to analyse, interpret, and derive insights from them.

As a result, the Importance of data analysis and analytics has surged significantly. 

This, in turn, has led to a massive demand for professionals with skills in data analysis, statistics, and programming languages. Additionally, the integration of AI and ML in various industries has created new job opportunities and expanded the scope of work for Data Analysts and Analytics Professionals.

Overall, AI and ML have had a remarkable impact on the demand for data analysts and analytics professionals, increasing the demand for competent professionals who can extricate insights from complex data sets and assist organizations in making informed decisions.

Average Salary Range for Data Analysts and Analytics Professionals in Canada’s Labour Market

The average salary range for Data Analysts and Analytics Professionals in Canada’s labor Market varies depending on the source. 

  • According to the ERI Economic Research Institute, the average pay for a Data Analyst is $111,209 a year and $53 an hour in Canada, with a salary range between $76,957 and $135,5641. 
  • Talent.com reports that the average data analyst salary in Canada is $90,163 per year or $46.24 per hour, with entry-level positions starting at $65,232 per year and most experienced workers making up to $140,621 per year. 
  • Salary Expert states that the average data analyst gross salary in Canada is $111,092 or an equivalent hourly rate of $53, with an average bonus of $4,5213. 
  • Indeed.com reports that the average salary for a Data Analyst is $54,797 per year in Canada4. 
  • According to Glassdoor, the average salary of a Data Analyst in Toronto is $70,000 per year.

Note that the salary estimates are subject to change and may vary depending on various factors, such as the industry, company, and job responsibilities.

Future of Business Analytics in Canada

The future of Business Analytics in Canada is promising. According to the Canadian Occupational Projections 2018, there will be a demand for 4,000-5,000 professionals in Business Analytics by 2022-231. The rise of big data and analytics is one of the most significant technology trends in Canada over the past several years. 

The market has witnessed a whopping rise in jobs for analytical experts due to the increasing reliance of businesses on data to extract appropriate information about various aspects. With the adoption of artificial intelligence and machine learning, more and more companies can streamline their analytical processes and ensure appropriate datasets are used to learn and gather profound insights. 

The value of a Business Analytics master’s degree cannot be overstated, as the big data market continues to see exponential growth as companies4. Therefore, the future of Business Analytics in Canada is bright, and professionals with Business Analytics skills will continue to be in high demand.

Tips and strategies for Data Analysis and Analytics Jobs in Canada

Here are some tips and strategies for Data Analysis and Analytics Jobs in Canada:

  1. Gain appropriate qualifications and skills required for the job.
  2. Keep up with the latest trends and technologies in the field.
  3. Focus on creating data models and analyzing data.
  4. Develop skills in data visualization, statistics, and programming languages such as R or SAS.
  5. Look for job opportunities in industries such as healthcare, e-commerce, finance, marketing, retail, information technology, and banking.
  6. Consider working in cities such as Toronto, Montreal, and Vancouver, which are establishing themselves as technology leaders in fields such as artificial intelligence and clean technology.
  7. Research salaries and job availability in the city you are interested in working in.

These tips and strategies can help professionals looking for Data Analysis and Analytics Jobs in Canada to prepare themselves for the job market and increase their chances of finding suitable job opportunities.

Conclusion

With the increasing amount of data available, companies are relying on skilled professionals to make sense of it all. Consequently, it’s no surprise that data analysis and analytics are some of the most demanded jobs in Canada. In fact, job growth in the data analysis industry is simply great. 

So, if you’re looking for a rewarding career that allows you to make a real impact, sharpen your analytical skills and jump into the world of data!

Frequently Asked Questions

How much is the data analyst salary in Canada for freshers?

Entry-level positions begin at $65,314 per year, while the majority of experienced employees can earn up to $140,189 per year.

How much does a Python data analyst earn in Canada?

In Canada, a Python Data Analyst earns an average salary of $65,277 per year.

Which city is best for Data Analysts in Canada?

According to a survey, Ottawa, Toronto, the Waterloo region, Vancouver, and Montreal are the best places to find technology-related employment opportunities in Canada.

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